News South Africa Currency: African payments system PAPSS plans to launch FX market platform this year
A pan-African payments infrastructure provider designed to facilitate trade on the continent is piloting an African currency market platform to boost commerce across borders in the region, its chief executive said. The Pan-African Payments and Settlement System (PAPSS), backed by 15 central banks on the continent, expects to add the platform later this year to complement its payments infrastructure that it says is currently integrated with 150 commercial banks. "The rates will be market driven, and our system is able to do a matching based on the rates offered by the different participants in our ecosystem," Mike Ogbalu, the CEO of PAPSS, told Reuters in an interview from Cairo.
News South Africa Currency: AfCFTA: FG to accelerate competitiveness of Nigerian exportable brands in African market
The Federal Government has disclosed that it will increase efforts to accelerate competitiveness of Nigerian exportable brands in the African ...
News South Africa Currency: EDITORIAL: A regional currency would be a befitting monument to Mutebile
The member states are not completely reconciled to the fact that there will be a transient to integrating the region.
